Centiva Capital LP Acquires 387,200 Shares of Inflection Point Acquisition Corp. III $IPCX

Centiva Capital LP raised its stake in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) by 387.2% during the third quarter, Holdings Channel reports. The firm owned 487,200 shares of the company’s stock after buying an additional 387,200 shares during the period. Centiva Capital LP’s holdings in Inflection Point Acquisition Corp. III were worth $4,906,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealthspring Capital LLC acquired a new position in shares of Inflection Point Acquisition Corp. III in the 3rd quarter worth approximately $5,357,000. Hudson Bay Capital Management LP bought a new position in shares of Inflection Point Acquisition Corp. III during the 2nd quarter worth approximately $4,848,000. JPMorgan Chase & Co. acquired a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at $16,747,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at $1,438,000. Finally, Radcliffe Capital Management L.P. bought a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at $2,661,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Inflection Point Acquisition Corp. III currently has an average rating of “Sell”.

Inflection Point Acquisition Corp. III Price Performance

Shares of Inflection Point Acquisition Corp. III stock opened at $10.18 on Friday. The firm’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $10.15. Inflection Point Acquisition Corp. III has a 1-year low of $10.05 and a 1-year high of $10.35.

Inflection Point Acquisition Corp. III Company Profile

Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.

Like many SPACs, Inflection Point Acquisition Corp.